* Aehr Test Systems reported a quarterly adjusted loss of 3 cents per share for the quarter ended in February, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -4 cents to -3 cents per share.
* Revenue fell 56% to $7.56 million from a year ago; analysts expected $7.61 million.
* The company reported a quarterly loss of $1.47 million.
* Aehr Test Systems shares had fallen by 6.2% this quarter and lost 56.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 112.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"
Wall Street's median 12-month price target for Aehr Test Systems is $12.00 This summary was machine generated from LSEG data April 9 at 11:20 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Feb. 29 2024 -0.03 -0.03 Met
Nov. 30 2023 0.19 0.23 Beat
Aug. 31 2023 0.16 0.18 Beat
May. 31 2023 0.22 0.23 Beat
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